GFL Environmental Inc. Tangible Equity Units
GFLU
GFLU was delisted on the 14th of March, 2023.
28 hedge funds and large institutions have $604M invested in GFL Environmental Inc. Tangible Equity Units in 2022 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
13% more capital invested
Capital invested by funds: $534M → $604M (+$70.2M)
7% less funds holding
Funds holding: 30 → 28 (-2)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$33.6M |
| 2 |
Morgan Stanley
New York
|
+$12.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$7.94M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7.72M |
| 5 |
HCM
Highbridge Capital Management
New York
|
+$7.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$33.7M |
| 2 |
SM
Skaana Management
Brooklyn,
New York
|
-$27.9M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$18.6M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
-$7.63M |
| 5 |
Barclays
London,
United Kingdom
|
-$2.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
N
26
Nuveen
Charlotte,
North Carolina
| $46K | – | – | – |
|
27
Citigroup
New York
| $32.3K | – | – | – |
|
|
TWC
28
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $27.6K | – | – | – |
|
29
UBS Group
Zurich,
Switzerland
| $19.9K | -$103K | -1,684 | -85% |
|
|
CQS
30
Credential Qtrade Securities
Vancouver,
| $2.52K | – | – | – |
|
|
SM
31
Skaana Management
Brooklyn,
New York
| – | -$27.9M | -483,043 | Closed |
|
|
CS
32
Credit Suisse
Zurich,
Switzerland
| – | -$1.16M | -20,000 | Closed |
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$547K | -9,459 | Closed |
|
|
ECM
34
ExodusPoint Capital Management
New York
| – | -$9K | -150 | Closed |
|
GFLU Hedge Fund Activity: Q4 2022 in Review
28 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in GFL Environmental Inc. Tangible Equity Units (GFLU) for Q4 2022, worth a combined $604M — up 13% from $534M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GFLU and 3 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 12 added.
The largest buyer was Verition Fund Management, opening a new position worth an estimated $33.6M. The largest seller was CSS LLC, cutting an estimated $33.7M.
- 28 institutional investors held GFL Environmental Inc. Tangible Equity Units (GFLU) as of Q4 2022, down from 30 in Q3 2022.
- Funds reported $604M of GFL Environmental Inc. Tangible Equity Units stock for Q4 2022, up 13% quarter-over-quarter.
- 3 funds opened new GFL Environmental Inc. Tangible Equity Units positions in Q4 2022 and 4 closed out, a net change of -1 holder.
- The largest GFL Environmental Inc. Tangible Equity Units buyer in Q4 2022 was Verition Fund Management, an estimated $33.6M added.
- The largest GFL Environmental Inc. Tangible Equity Units seller in Q4 2022 was CSS LLC, an estimated $33.7M sold.
Based on aggregated 13F filings for Q4 2022.